The View That Free Elections Are a Sufficient Condition for Democracy

question 42

True/False

The view that free elections are a sufficient condition for democracy is known as the democratic fallacy.

---

Definitions:

Quorum of Shareholders

The minimum number of shareholders required to be present at a meeting in order to legally conduct business.

Operating Policy

Guidelines or principles that direct the operations and decision-making processes within an organization or business.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Articles of Incorporation

Legal documents filed with a state government to legally establish a corporation.